Antler Gold defines two new gold-in-soil anomalous trends over a kilometer long and extends existing trends at the Wilding Lake Gold Project, Newfoundland
Antler Gold defines two new gold-in-soil anomalous trends over a kilometer long and extends existing trends at the Wilding
Lake Gold Project, Newfoundland
HALIFAX
,
July 26, 2017
/CNW/ - Antler Gold Inc. ("
Antler
") (TSXV: ANTL) is pleased to provide an update on its continuing 2017 exploration program that
includes significant gold-in-soil survey and rock assay results highlighting numerous new prospective gold target areas at its 100% owned Wilding Lake Gold
Project ("
Project
") in central
Newfoundland
.
Final assays for 1632 of a total 3797 soil samples and 44 rock samples collected thus far in 2017 have been received. The soil survey was designed to extend the
sampling completed in 2016 to the northeast and southwest and to date has successfully defined two significant new anomalous gold-in-soil trends (Birch and
Larch) that extend for approximately a kilometer in length to the southwest of existing showings. In addition, the Cedar Elm (CE) Zone soil anomaly trend has
been extended further to the northeast by approximately 250 metres.
Multiple boulder sized mineralized quartz float were discovered in two separate areas that are approximately 350 metres apart and are coincident with the Birch
gold-in-soil anomaly trend. Four rock samples from the first location returned gold values up to 1.8 g/t and the second area returned up to 1.6 g/t from two rock
samples. The Birch trend corresponds with a linear regional magnetic feature defined from Antler's recently completed helicopter-borne high resolution magnetic
survey. In addition, a mineralized quartz float boulder coincident with the new northeast extension of the CE Zone soil anomaly trend returned 1.96 g/t Au. Note
that grab samples are selected samples and results are not necessarily indicative of a property's potential and are not necessarily representative of the
mineralization hosted on the property.
For maps showing the new trends and float locations, please visit
www.antlergold.com
and click on "News Release
July 26
th
, 2017".
A mechanical trenching program will commence in August to locate the potential bedrock sources of the new gold-in-soil survey anomalies and mineralized quartz
float boulder results. This will be followed by a core drilling program to evaluate the new high-grade gold occurrences discovered in 2016, any new gold
occurrences discovered in the upcoming trenching program, as well as test selected geophysical targets.
Dan Whittaker
, President and CEO of Antler stated: "We're excited to report significant exploration progress made to date. We look forward to the trenching
program in August to locate the potential bedrock sources to these new anomalies and mineralized quartz float boulder results. Our goal is to generate 15-20
quality drill targets for the fall program currently estimated to consist of approximately 3,000 metres. I also want to thank our crew for their diligent and productive
work to date".
2017 Wilding Lake Gold Exploration Summary
The summer 2017 exploration program has focused on expanding on the 2016 soil survey grid area that was initially centered on the six gold occurrences
discovered in 2016. These high grade gold occurrences include previously released saw-cut channel sample results of 6.0 grams per tonne ("g/t") over 8.5 metres
("m"), 8.7g/t over 6.7m and 49.3g/t over 4.6m from the Alder Zone, 28.8g/t over 1.0m, 12.2g/t over 0.9 at the Taz Zone and 101.5g/t over 0.5m, 93.1g/t over 1.3m,
37.5g/t over 0.9m and 18.0g/t over 1.2m from the Elm Zone.
These gold occurrences were found by prospecting near roads, limited soil sampling and trenching of the immediate Alder-Taz (AT) Zone and Cedar-Elm (CE)
Zone area. The expanded systematic 2017 exploration program has included ground magnetic and IP-Resistivity geophysical surveys over these gold
occurrences, a helicopter-borne triaxial magnetic geophysical survey covering the entire Project at a 75 metre line spacing, a till sample survey and a continuing
soil sample geochemical survey.
In addition to the previously reported 1216 soil sample survey results collected in 2016, Antler has collected 3797 soil samples in 2017 mainly at a 25-metre
spacing along 50-metre spaced grid lines. Soil sampling is continuing to the projected 5000 sample total for the season. The increased soil survey area now
covers over 7.0 kilometres of the prospective gold bearing regional structural corridor.
The Wilding Lake Project encompasses 21,500 hectares and covers greater than 50 kilometres of prospective strike length following an important regional gold
bearing structural corridor that hosts Antler's six gold occurrences discovered in 2016, as well as Marathon Gold Corporation's
Valentine Lake
project that is
located immediately adjacent to and southwest of the Project. Antlers results indicate that the mineralizing system on the Wilding Lake Project is capable of
producing both high grade gold and significant widths. Gold mineralization occurs within shear-related orogenic style quartz veins and quartz stockwork
underneath shallow overburden in an area that has not previously been systematically explored for gold.
Regional Property Update
Following the closing of the option agreement for the right to earn a 100% interest in 1,678 mineral claims representing six separate regional projects in central
Newfoundland
from Altius Resources Inc. (see press release dated
June 26, 2017
), Antler conducted a one day helicopter supported reconnaissance expedition to
the Victoria River, Intersection and
Cape Ray
properties to scout the area to assist with future exploration planning. The projects are all located on the strike
extensions of the major structural corridor hosting gold mineralization at Antler's Wilding Lake Project and Marathon Gold's Valentine Lake Project, as well as
Benton Resources Cape Ray gold deposit.
Antler personnel collected three grab rock samples from the historical Grandy's Lake Prospect located within Antlers Cape Ray property. The samples consisted
of broken rubbly quartz-fragments from a historical trench exposing intensely sheared tonalite (sericite schist). The three sample assays are presented in Table 1.
Table 1. Grab Rock Sample Assay Results from the Historical Grandy's Lake Prospect, Cape Ray Project.
Sample Number
Au g/t
Cu %
Ag g/t
258172
40.2
64.5
258173
15.2
10.4
258174
37.0
2.5
116.9
Note that grab samples are selected samples and results are not necessarily indicative of a property's potential and are not necessarily representative of the
mineralization hosted on the property.
A helicopter-borne triaxial magnetic gradiometer survey at 100-metre spaced lines was conducted over the entire
Crystal Lake
and Victoria River properties. The
purpose is to assist in the overall regional geological interpretation of the prospective areas and in particular the mapping of structures that are inferred to control
gold mineralization. The survey was conducted by
Scott Hogg
and Associates Ltd. of
Toronto, Ontario
.
Quality Control
Grab sample results are not necessarily indicative of a property's potential. All rock and soil samples were collected by Antler Gold Inc. personnel on site and
were dried and stored at Antler's secure facility located in
Millertown, Newfoundland
. Samples were sealed in bags and transported by Antler personnel to the
Eastern Analytical Inc. laboratory in
Springdale, Newfoundland
. Gold was analyzed by 30g fire assay with AA-finish. Field management and Quality
Assurance/Quality Control was performed by
Dave Evans
, P.Geo., Regional Manager of Antler Gold Inc., and
Spencer Vatcher
, P.Geo., Silvertip Exploration
Consultants Inc. Interpretation of results was performed by
Howard Bird P.Geo
., Antlers VP, Exploration and
Dave Evans
, P.Geo. Antler Gold employs a QA/QC
program consistent with NI 43-101 and industry best practices.
Howard Bird
, P.Geo., Vice President, Exploration of Antler Gold Inc., is the qualified person as defined by NI 43-101 guidelines and has reviewed and approved
this release.
Cautionary Statements
This press release may contain forward-looking information, such as statements regarding Antler's planned work program for the Project. This information is based
on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and
uncertainties that are difficult to predict, including risks relating to the ability to complete the work program in the expected timeframe, adverse weather and other
conditions affecting work programs at the Project. Actual results may differ materially from results suggested in any forward-looking information. Antler does not
assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the
forward-looking information unless and until required by securities laws applicable to Antler. Additional information identifying risks and uncertainties is contained
in the filings made by Antler with Canadian securities regulators, which filings are available at
www.sedar.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE
Antler Gold Inc.
View original content: http://www.newswire.ca/en/releases/archive/July2017/26/c7543.html
%SEDAR: 00038775E
For further information:
Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-4700
CO: Antler Gold Inc.
CNW 16:05e 26-JUL-17